- Forex – Aussie falls to 4-month lows, kiwi holds steady vs. greenback.
- Forex – Dollar gains furtehr in Asia on Yellen views, yuan drop noted.
- Forex – Dollar gains in early Asia as Yellen remarks add support.
The price action in GBPUSD on Friday saw a downside breakout from the inside bar formed earlier last week and coincides with the resistance level of 1.3200. This is further validated by a hidden bearish divergence on the daily chart as well with the Stochastics posting a higher high against the lower high in price. On the 4-hour chart, resistance is now seen at 1.3170 which could see GBPUSD pull back to. However, the downside target to 1.300 remains in sight. The pullback is validated by the fact that GBPUSD broke down from the previous rising median line followed by a break of the Hagopian line as well.
GBP/USD
The price action in GBPUSD on Friday saw a downside breakout from the inside bar formed earlier last week and coincides with the resistance level of 1.3200. This is further validated by a hidden bearish divergence on the daily chart as well with the Stochastics posting a higher high against the lower high in price. On the 4-hour chart, resistance is now seen at 1.3170 which could see GBPUSD pull back to. However, the downside target to 1.300 remains in sight. The pullback is validated by the fact that GBPUSD broke down from the previous rising median line followed by a break of the Hagopian line as well.
RECOMMENDATION :
- BUY GBPUSD ABOVE 1.3135 TGT 1.3155 1.3185 SL 1.3105.
- SELL GBPUSD BELOW 1.3053 TGT 1.3033 1.3003 SL 1.3083.
Click here for Free Signals OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
No comments:
Post a Comment